While the U.S. exports natural gas at record levels, New England will have to import it, in liquid form. That dependence could cost a typical Maine household an extra $22 a month in electricity.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine, New England, News
Rate hike 2.0: Electricity supply costs due to rise again next year
New England’s natural gas crunch and Russia’s war are pushing electric rates higher.
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Posted inBusiness, Lewiston-Auburn
Women in Small Business: Laura Rinck of Rinck Advertising recruits ‘the best humans’
The president’s strategy is to create an intellectually challenging but psychologically safe space for geniuses, to inspire courage and unleash their power.
Posted inBusiness, Maine
L. Tardif Jeweler to close after 87 years in downtown Waterville
The family business at 62 Main St., a downtown fixture since opening in 1935, is expected to end its run by year’s end.
Posted inBusiness, Noteworthy
Registration open for Totally Trades! virtual sessions
Registration is open for Totally Trades! career sessions offered by New Ventures Maine online this fall. There are 17 sessions offered at no cost and are designed to encourage students in grades 8 to 12 to consider careers in which women are traditionally underrepresented. The 15-minute video sessions focus on high-wage, high-demand nontraditional careers in […]
Posted inBusiness, Maine, Nation / World
Kroger seeks to create grocery giant in $20 billion bid for Shaw’s parent
In New England, there are 127 Shaw’s stores, including 19 in Maine.
Posted inBusiness, Maine
Wex laying off 150 employees worldwide as it prepares for ‘next phase of growth’
The Portland-based payment technology company said 30 of the job cuts are taking place in Maine.
Posted inBusiness, Maine, News
Two Augusta eateries to be wrapped into one
The owners of Wrapped Up have closed their sandwich shop near the Maine State House and plan to serve breakfast and lunch on Water Street after completing renovations to the Wrapped Up Coffee House in December.
Posted inBusiness, Nation / World, News
Average long-term U.S. mortgage rates up another quarter point
Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.92% from 6.66% last week.
Posted inBusiness, Nation / World
Social Security payments set for big increase. What to know.
Some estimates say the boost may be as big as 9%, the heftiest in 40 years.